Progress Software to acquire Domo's AI unit for $400M
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- Progress Software has agreed to acquire Domo's AI and data platform business for $400 million.
- Domo will remain publicly listed and change its name after the deal closes.
Why it matters: Progress Software lands a $400 million AI and data platform acquisition while Domo keeps its public listing and rebrands, signaling a carve-out rather than a full takeover.
